Rep. Timmons Presses SEC on Withheld Ethereum Documents
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Congressman Timmons requests SEC documents on Ethereum’s regulatory classification. The letter cites withheld records from the lawsuit regarding ETH status determination. House seeks clarity on SEC’s contradictory positions under the current administration. House Representative William Timmons has formally requested that SEC Chair Paul Atkins release documents detailing the commission’s conflicting approach to Ethereum’s regulatory status under the previous administration. The June 10, 2025, letter specifically targets records that the Biden Administration’s SEC had identified but withheld in response to a Freedom of Information Act request filed by History Associates on behalf of Coinbase. The congressman’s question centers on the SEC’s conflicting positions regarding Ethereum’s status as a security. This documentation includes internal memos, analysis memoranda, and case closure narratives that may reflect the SEC’s justification for the commission’s change of heart. I just sent a letter to SEC Chair Atkins requesting documents on the SEC’s inconsistent treatment of ETH under Chair Gensler and the Biden administration. The American people—and the crypto community—deserve transparency as Congress moves forward with the CLARITY Act. 🔗:… pic.twitter.com/CmdCcuU3xc — Congressman William Timmons (@RepTimmons) June 10, 2025 Hidden Files Can Reveal Regulatory Discrepancies Timmons described specific types of withheld documents that remain central to comprehending the SEC’s approach. They include emails and attachments with the subject of “Analysis of Ethereum 2.0 under Howey,” a list of emails and attachments sent to the then-Chair Gensler, case closing reports for the ETH 2.0 investigation, an email with the subject “ETH — Security or Not,” and more. The letter highlights the SEC’s inconsistent approach to Ethereum regulation, noting that while a top-ranking SEC official publicly declared in 2018 that ETH was not a security, former Chair Gary Gensler later cast doubt on this determination during congressional testimony in April 2023. The commission subsequently approved spot Ethereum ETFs in May…
Filed under: News - @ June 11, 2025 7:27 pm